Ms. Linda Brennan reports

PJX RESOURCES GRANTS OPTION OF THE DD PROPERTY

PJX Resources Inc. has entered into an option agreement with Teck Resources Ltd. whereby Teck has been granted an option to acquire up to a 75-per-cent interest in the DD zinc-lead-silver property, which is located in the Cranbrook area of British Columbia.

The agreement provides for Teck to earn an interest in the property as follows:

• Stage 1: Teck has an initial option to earn a 51-per-cent interest in the DD property by incurring $4-million of expenditures by Jan. 31, 2021.
• Stage 2: Teck may elect to earn an additional 24-per-cent interest in the property, thereby increasing its interest to 75 per cent, by incurring an additional $4-million of expenditures by Jan. 31, 2024.

Provided that Teck has exercised the first option, a joint venture shall be deemed to be formed on the date upon which the earlier of the following occurs: (i) Teck declines or advises that it is no longer pursuing the second option; (ii) Teck delivers a notice to PJX notifying PJX of the exercise of the second option; or (iii) Jan. 31, 2024. If either party's interest in the joint venture is diluted to less than 10 per cent, their interest shall be converted to a 5-per-cent net profits royalty.

The DD property comprises the DD claims, 440 hectares of land that PJX optioned from Doug Anderson (50 per cent) and David Pighin (50 per cent) (see PJX press release on July 26, 2015), and the DD extension claims (1,900 hectares) owned by PJX.

PJX management believes the DD property has similar potential to the company's Vine and West basin properties for hosting a Sedex deposit. Historical drilling by other companies proximal to the DD property intersected zinc-lead mineralization at the same time horizon that the Sullivan Sedex deposit was formed, which is located approximately 45 kilometres north of the DD property. In management's opinion, the historical mineralization, combined with PJX's new insight on geological controls for mineralization on the Vine property, supports the potential for a Sedex-type deposit on the DD property as well.

"We look forward to having Teck as a partner on the DD property," states the president and chief executive officer of PJX, John Keating. "PJX has three of the best properties with mineral potential for a Sullivan type of deposit along the Moyie fault structure. We believe that the Moyie fault is similar to the Kimberley fault that was important in controlling zinc-lead-silver mineralization at the Sullivan mine. Teck's Trail metallurgical complex, located 120 kilometres west of the DD property, produced some eight million tonnes of zinc, nine million tonnes of lead and over 285 million ounces of silver from processing Sullivan mine concentrate. The Sullivan mine produced concentrate for over 90 years before being closed in 2001."

The foregoing geological disclosure has been reviewed by John Keating, PGeo (a qualified person for the purpose of National Instrument 43-101 standards of disclosure for mineral projects). Mr. Keating is the president, chief executive officer and a director of PJX.

We seek Safe Harbor.